D-Wave Quantum Q3 Revenue Doubles to $3.7M, Cash Hits $836M
D-Wave Quantum’s third quarter 2025 revenue rose 100% year over year to $3.7 million with gross profit expanding significantly and a record cash balance of $836 million. The company projects 2026 revenue growth of 67.8% and earnings growth of 8.7% while continuing to invest in product development.
1. Q3 2025 Financial Results
D-Wave reported third quarter 2025 revenue of $3.7 million, a 100% increase year over year, driven by early commercial deployments and foundational software sales. Gross profit expanded significantly and the company ended the quarter with $836 million in cash, cash equivalents and investments, bolstered by prior financing activity.
2. 2026 Growth Outlook
The company forecasts 67.8% revenue growth and 8.7% earnings growth in fiscal 2026 as it scales commercial traction and advances quantum system development. Continued R&D investment and strategic partnerships underpin plans to accelerate technology milestones and broaden market adoption.